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, biting apple. lukewarm sales for the new ipad mini. stock prices crumbling to a five-month low. are competitors finally getting the best of the house that jobs built? >> announcer: from the global resources of abc news, with terry moran, cynthia mcfadden and bill weir in new york city, this is "nightline," november 7th, 2012. >> good evening, i'm bill weir. well, as the happy obama family flew back to washington today, a few conservative pundits observed that if only america had the same demographics as it did under ronald reagan, mitt romney would have won. yes. and if jonie loves chachi was still in primetime, people wouldn't laugh at my parachute pants. the country is changing in waves. and what last night taught us is that the party that knows how to ride those waves wins. here's my co-anchor, terry moran. >> reporter: america awakened to a new political reality this morning. >> what happened? >> i was wrong. >> reporter: so were a lot of republicans. >> i so wish that i had been able to fulfill your hopes to lead the country in a different direction. but the nation chose a
sandy. what you can learn to protect yourself from future natural disasters. and, is apple's break-down causing some market jitters? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, november 9th. i'm angela miles. in today's first look: it's another downer for the stock market. the dow tumbled more than 100 points yesterday, falling to its lowest level since july, mostly due to uncertainty about the future of the u.s. and global economies. groupon shares fell 13% after the close on earnings news. revenues were up, but the coupon company had a net lost of nearly 3 million dollars. profits were up at disney thanks to espn and growth at theme parks. and priceline is set to buy online travel company kayak for $40 per share. how low will this market go? ben lichtenstein of tradersaudio.com joins us. good morning to you. happy friday. but is this a buying opportunity here? > > i don't think so. i think basically if you try and step up right now, you're kind of trying to play "catch the knife" if
know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more importantly the retailers know it. so with 46 days before the big day -- no pressure here -- walmart is launching a strike on the american consumer. black friday will start thanksgiving thursday. courtney reagan starts our coverage. so no lingering over the pumpkin pie. >> no time for that, sue. back friday's just 15 days away. retailers are already trying to one-up each other kicking offer the holiday shopping event even earlier. walmart will begin its black friday door busters at 8:00 p.m. thursday with a full week of savings to follow. the full event begins at 10:00 p.m. world's largest retailer is offering a one-hour guarantee to customers in store on several items. if the items sell out before 11:00 p.m., walm
: from the victoria's secret's pink, to the apple store, people are enthusiastic about buying and it shows. david vaton is on the hunt for an ipad mini and he says when it comes to getting a good deal, sleep is overrated. >> i stayed up the whole night, i did not go to sleep at all. today, so it's been a really long night. >> i got up at 2:00 in the morning. i probably got like five hours of sleep but i'm awkwardly awake right now. >> how much do you expect to save? >> well i just saved 50 bucks on this jacket. i don't know, maybe another hundred, save about $150. >> reporter: more than 145 million people are expected to go shopping this weekend, and while that's slightly less than last year's estimate, retailers are still feeling upbeat about the state of the consumer. stores often make more than a third of their annual sales during the christmas holidays and black friday is seen as a good barometer on the season. >> i think it creates the momentum for the rest of the season and by the looks of it this year i think we're going to have a great season. >> reporter: and when it
to go home in a few days. >>> a supersized spending spree. apple is taking over a part of the south bay where it plans to spread out, next. >> and cops hear a lot of excuses for bad driving but wait until you hear what one driver blamed for this parking lot smashup. >>> a day late, $500 million short. california decides to get in the game one day after that huge powerball jackpot. ,, ,,,,,, and for the tech giant appl, and for the tech giant appl, another expansion from its cupertino roots into neighbg room >>> the apple doesn't tall far from the tree and for the tech giants apple, another expansion from its cupertino roots into neighboring santa clara will mean more room to grow. cbs 5 reporter len ramirez is live in the south bay where support for the move is high. len. >> reporter: that's right. you know, those electronic devices very popular at christmastime and you can bet that a good number of them under the tree will have that apple logo on it. now this company is expanding and that's also good news for a growing number of south bay cities. take a look around the apple campus in
are abnormally tight. >> tom: the words apple and bear market rarely appear in the same sentence. but the tech giant's stock is officially in bear market territory. while the stock gained nearly 2% today, it's still down more than 20% from it's record high close in september. that's not just bad new for investors in apple shares. it's also weighing on major market indexes. erika miller reports. >> reporter: we've all been warned that one bad apple can spoil the bunch. what's happens on the playground, also goes for the stock market. the recent drop in apple shares is having a negative influence on major market indexes. the stock hit a record closing high of $702 a share back on september 19, now it's about $150 cheaper-- a drop of more than 20%. so what's at the core of the apple selloff? >> if you are looking to sell, if you are concerned about the market and the fiscal cliff, portfolio managers are either shedding either their largest asset or their biggest winner and apple is likely both. >> reporter: short term, some investors are worried about possible supply shortages of the iphone 5 and
, is apple's mini a big flop? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, november 5th. i'm angela miles. in today's first look: the countdown to the presidential election is on. in what could be viewed as a sign even the market has a case of the jitters about the outsome, stocks and commodities all sold off. new york's flagship apple store on 5th avenue reports a sell- out of the new ipad mini friday. but only short lines were spotted outside the apple store in chicago. at the gas pump, prices fell 8 cents last week, dropping to $3.49 per gallon. and an unusual move by the department of energy, which is loaning diesel fuel to the residents in the northest left without power due to superstorm sandy. let's find out what's on the minds of traders this morning. phillip streible of rjo futures joins us on this monday morning. good morning to you. > > good morning to you. > > what was going on with that sell-off on friday? was that classic buy-on-the-rumor-of- the-jobs-number and then sell- off-
pads. was that a direct assault on parents from apple saying here you go, this is for you. it is great size, a little cheaper, parents can really afford it. >> get paid job. that is my hand it to my kids when they want something. you a classic rock fan? there is a quote from the stones, you can't always get what you want. at the bottom line. we have to look our kids and save this is the this something you can expect, managed to expect asians, or let's do this together. they want to do more housework? they went to babysit? there is value to that. we have to instill our kids with value that they can attain big ticket items and they really want that at the end of the day we are here to do it with them. if we look at parenting, you are exhausted at the end of the day, saying yes is often easier but at the end of the day we have to be honoring our values. dave: toys r us is trying to promote a similar item. they have their own version of the ipad, a very cheap version 4, don't worry about it, you combine hours for $100 whatever it is. >> any child comes back with something on the back there is still brand
coyle of the national law journal. >> woodruff: and spencer michels looks at the complaints about apple's maps and the high stakes for those trying to come up with something better. >> the battle over digital map making indicates how crucial this field has become and it could bode well for consumers as the maps get better. >> ifill: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the u.s. death toll from the giant storm named sandy has risen to at least 63 today. about 6.5 million homes and businesses are still without electricity though there were signs of daily life returning to its usual rhythm in some places. a familiar sound returned to lower manhattan streets last night. ( horns honking ) the power did not. police helpe
by apple. there it goes again. we'll talk about that in a little bit. up 15 points on the nasdaq now at 2910. the s&p 500 index is up about five points at 1382. the market certainly didn't like what the president had to say at 1:00 eastern time. the dow was in positive territory when he began speaking. as you can see from the chart, as the speech progressed, the dow started to fall. it did rebound a bit after the speech was over, but we have been heading lower again as we go into the final hour here. in today's "closing bell" exchange, dan mcmahon from raymond james is going to join us. also, john from gfi group. our senior economics reporter, steve liesman, and our own rick santelli. john, it is clear that the fiscal cliff has wall street's full attention right now. do you expect a -- something to happen by december 31 or not? >> we expect something is going to happen. what that's going to be, we don't have the clarity we're expecting just yet. i think it's simple math. everybody knows what has to be done. obviously, we've had many, many studies over the course of the last few years
from apple, he had a whole new mantra of great low prices and great quality all the time, but a lot of customers that were into coupons and sales didn't necessarily bite on that idea. three key names we know so well, all hitting 52 week lows. they have come up off the lows but key retailers to watch during a tough economy. back to you. cheryl: thank you very much. change in strategy for jcp. it is two weeks and counting of no power for residents of queens. a dire situation in the new york city burroughs as outraged residents are told they may not have power restored until after thanksgiving. liz macdonald has the latest on the lack of recovery. liz? liz: yeah, good to be with you cheryl. we're at st. francis church, which is basically a grassroots operation of both private sector businesses and the government in trying to help the people of belle harbor and far rock away. this is a community of first responders. what we're seeing here is we have some action going on. we have a tent being built. we are here with chris bernard with the merchant marines. he is going to tell us what's h
today. paul jacobs to tell us why the wireless chip maker is giving upbeat guidance and apple, too, and whether the giant can claw out of the bear market territory. that's delynn nated at 564 and coming up after the opening bell. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> ope
mining. medusa. david: as michael pointed out, apple is falling again. a market cap is below 500 billion for the first time in six months. can the stock gained strength? we have william power, an analyst. as $750 price target that he is sticking with. this guy really knows apple inside now. details about what is account for this very important stock. liz: a lot of people focusing on taxes that might go up in the new year, what your waistline my shrink or maybe you have a new year's resolution to work out a little bit more to me get a new job, the usual resolutions. you are not alone. coming up to my investment place dot com editor has stock place to go with those resolutions. you have to get them started now and your portfolio if before dec. 31st. david: before all that we will tell you what drove the markets today with today's data download, stocks ended the trading day with the dow and the nasdaq posting their fourth straight day of losses. the nasdaq and russell 2000 are down 10% from their 52 week highs. this is falling into correction territory. utilities, today's worst performers.
if this market gets away from us. i think it's what you saw with apple. >> apple has become a proxy for this market. a huge rally, best since last april. >> out of correction territory. >> look at that, 7.3% gain for a stock that is $565. once again, rick santelli, what did you make of today's action? i haven't seen the ten-year in the last few minutes but i don't know if it sold off commensurate with the rally in stocks but what did you think? >> it didn't. that's one thing that has to be factored into the equation. certainly three basis higher than 158 friday. global stocks coming into our time zone were a bit higher. after existing home sales, the national home index, builders index, being the best level since may of '06, all of those contributed to even more upside in stocks, which made sense. the treasuries, call them party poppers, but they virtually haven't moved the last three hours. >> interesting. margie, what are you telling people here as we wait to see whether or not there's actually going to be some kind of resolution to the fiscal cliff? do you tell people to get invo
-hour. >>> then, the question -- is the shine off of apple. practically everyone has an i-something. but the company stock is sliding and plenty of people want to know what is wrong with the once mighty tech giant. did you ever think you would hear stock sliding, apple in trouble? >> i think financially they're okay. >> think they are. >> a bunch of guys who knew what they wanted and rode into a mall to get it. real life scene out of a james bond film. have to hear the details on this one. wild video there. >>> first, a new threat for the millions who are still recovering from super storm sandy. a nor'easter bringing rain and wet snow to the coastal areas of new jersey, new york and connecticut. shutting major roadways. and the nation's largest commuter railroad. >>> more than 1,000 flights were canceled with more likely as the storm spreads through the region this morning and weary residents who just got their power back, yeah, have lost it again. jim dolan of our new york station, wabc in the area hit hard by sandy, staten island. >> reporter: even in the snow they're wo
lined up outside the apple store in palo alto. they are waiting to buy the new ipad mini which goes on sale today. janine de la vega is in palo alto with a noticeably different response to apples late east gadget. >> reporter: yeah there is. first let me show you what the new apple store looks like. you can see it's completely black vail here in front of the store because they're trying to hide it from the public and then they have a sign out here displaying the ipad mini because that is the featured product this morning. we weren't sure what keep of response the ipad mini was going to get. you can see these are apple faithful fans. there is only four people in line. here's the first one. we will be talking to them in just a bit. it's the first venture into the smaller tablet market. analysts think consumers may be slow to warm up to it. its priced much higher at $329 for the basic wi-fi version. compare that to the amazon kindle fire and google nexxus 7 which which is priced near the $200 range. you told me you got in line at 2:00 a.m.. why are you doing that? who is it important
court-mandated reforms. >>> i'm len ramirez in silicon valley. apple has major plans to expand in santa clara but what other bay area city may benefit from that? the story is just ahead. >> the fate of the farm is decided. what's going to happen to this long-time bay area oyster company? >> was he drunk? the officer said no, he sneezed. >> the surveillance video of a bay area crash blamed on a sneezing fit. ,, ,,,,,,,,,,,,,, a planned expansion into saa clara will provide work spae for more than a >>> the tech giant apple getting more room to grow. a planned expansion into santa clara will provide work space for more than 1,000 apple employees. cbs 5 reporter len ramirez says one person in particular is rolling out the welcome mat tonight. len. >> reporter: that's right. you know, apple is very popular this time of year as are many computer companies because they make the devices that people really want. apple does have big plans to expand in the south bay and that may help not one not two but possibly three bay area cities. take a look around the apple campus in cupertino and you see a
of washington, apple, google and amazon. just today gaining at the close of the market. look, i'm as aggravated as you are about the lack of progress over the fiscal cliff. is there progress? is there no progress? are the democrats giving? have the democrats given? the only thing given that i know is the tablet. that's what i want to spend a moment on while we bemoan the farce that is washington. one of the worst aspects of this era where we have to hang on every word of people who frankly aren't actually trying to make us any money, and if anything want to take it from us, is there are companies doing amazing things, so tonight in the interests of some companies that are doing great things that can make you money, i want to celebrate the products of three terrific companies as well as their stocks, because after all this is "mad money," not mad tablets. first one of my favorites is the column that amazes me, david pope, the "new york times" writer who opines brilliantly in a can't-miss column about tech products. i love this guy. today's product starts well enough, a segment of an npr-call-in
apple? it's most valuable tech company in the world. and its products have changed the course of consumer electronics. so why is the stock taking a dive? >>> and is now the time to get in? cramer has answers. don't miss his take on apple coming right up. all coming up on "mad money." try this... a migraine now. bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> at a moment where everyone is freaking out about the countdown to the fiscal cliff at the end of the year, and freaking out frankly with good reason, let's not forget there is plenty of worth while opportunities out there. it is harder to find them. we need to focu
will be different than usual. rather than working at night the crews will start at dawn. >>> apple fans get their hands on the new mini tablet but something was missing this time when the stores opened their doors. >> for the 50th time monte vista is meeting up we have a live report, coming up. >>> in weather, we have a batch of high clouds moving into most of the bay area. coming up, we will have patchy dense fog first thing in the morning and the warmest day of the up coming weekend >>> chevron says their refinery will be operational early next year. that is nearly three months after a major fire there. the pipe burst causing a fire that sept a huge plume of smoke across the east bay. chevron says the fire had an impact in production. >>> well, apple fans can finely get their hands on one version of the new i pad mini and the latest generation ipad. some of the fanfare was missing today when apple stores first opened their door its. >> 3, 2, 1. [cheers and applause] >> reporter: kicking off the debut. lines long, excitement, high. here at the san francisco store at 8:00 a.m. it was more
. it's got a lady holding a red ball. geoff: yeah. craig: or apple, as some people call them. i think that's the australian word. geoff: yeah. craig: they don't call them balls, they call them apples. house your apples? how are your apples? if you go to an australian doctor, they say, let me hold your apples and turn your head and could have. geoff: i hear that ferguson has only got one apple. the cover of that book makes you want to turn qur head and cough. -- turn your head and cough. craig: turn your head and cough, geoff. good night, everybody! [applause] captioned by the national captioning institute --www.ncicap.org-- [captioning made possible by worldwide pants, inc., and the cbs television network.] ,,,,,,,,,,,,,,,,,, didn't deliver on a major selling point. "...bee >>> that's the first i heard about it. >> nearly one million car owners are getting money back, all because their cars didn't deliver on a major selling point. >>> juliette goodrich on the promise that didn't quited a up. >> hi, ken, we're talking about miles per gallon. do you question the fuel economy when
. >>> u.s. i.t. apple, that's the i.t. giant has settled the global patent dispute with htc. apple and htc say they agreed on a ten-year cross licensing the patents. apple filed a suit against htc two years ago with the u.s. international trade commission. apple claimed that the taiwanese infringed patents. it was a software for automatically recognized phone numbers and e-mails and converting them into links. they include the decision last september to suspend u.s. imports of htc products. the latest deal is the first settlement between apple and a company that uses devices using google's android operating system. it may influence the ongoing court battles between apple and samsung electronics. >>> china's main securities regulator says it wants to promote investment in chinese shares by foreign institutional investors. the chairman of the china securities regulatory commission spoke to reporters on the sidelines of the communist party's national congress. he said overseas investment represents just 1.2% of china's total market capitalization. he said the proportion is significantly lower
is dropping. what sectors are hiring the most heros. plus, apple devices are getting more complex to make. why it could mean a longer wait for apple gadgets. and, how superstorm sandy could affect home depot stock this week. keep it here, first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, november 12. i'm angela miles. in today's first look: stocks drop. the dow & s&p 500 fell 2% last week. some traders say it was just good old profit taking. others believe the fall was out of fear of the looming fiscal cliff. the market could have a heavy metal reaction today to a deal that was announced late friday. precision castparts is buying titanium metals for $2.9 billion in cash. in the "affairs to remember" category, christopher kubasik, who was on his way to becoming the ceo of lockheed martin, resigned after revealing an affair with an employee. cia director david patraeus also resigned friday because of an affiar. reports say google has been cut off in much of china as the communist party appoints new leade
that led to the death of man at wal-mart. >> plus, apple wants to take a bigger bite out of samsung. the changes they're pushing for in their patent lawsuit. >> a big weekend for shoppers and an enbigger weekend at thele box office. >> leigh: i'm meteorologist leigh glaser. fog might slow the commute down tomorrow morning. storms by the end of our work week. >> ama: a georgia man suspected of shoplifting died after being subdued by wal-mart employees. a middle aged man walked out with two dvd players. employees caught him and put the man in a head lock. when the officers arrived the man wasn't breathing, employees are trained to disengain with situations that put them at risk. >> apple wants to increase its patent ininfringement suit to samsung. apple wants to include the samsung galaxy note ii. the case is one of two lawsuits by apple against samsung. apple claims sams sung's smart phones inning fringe on apple's patents. >>> same-sex marriage will be front and center this we're. u.s. supreme court justices will hold a closed door meeting to decide if now is the time to rule on sam
to grow. the bay area city that apple is moving into. >> and powerball is coming to california, when tickets will go on sale. . >> a trucker who took out ten vehicles as he barrelled through an east bay car lot says he was under a spell, a sneezing spell. . >> this is thousand accident scene lookeded from chopper five. the driver of a big truck claims he had a sneezing attack and slammed into ten trucks in a used car lot. surveillance cameras at a nearby business capture the clash. if you look carefully at this video, can you see a big truck flouing -- plowing intie flat bed truck. then watch as the front of the flat approximate bed is tossed against other trucks in the used car lot. >> i was just like no. >> there's the damage to the back of the flat bed truck that took the first impact. police say the driver was not on drugs or under the influence, they say it appeared to be a freak accident. >> look at the surveillance video again, the driver hit the brakes after he hit the flat bed. police say that supports the claim that he was distracted from the road after back to back to
is recovering in the hospital after an attack. his name is john apple white. he's an electrical work are from tampa. he was beaten at a new york city restaurant while working on a super storm relief project. they stopped to get dinner. a man drove up, yelled something and punched apple white in the face. he's back in florida but in the hospital. the attack as not dampened apple white's spirit. >> i'm not going to let one person spoil that for me. >> apple wheat's face very swole -- apple white's face very swollen and will likely need a lot of surgery to repair his face. >>> all right. here's something to smile about, from vacant properties to valued homes. habitat for humanity and the city joined to rebuild new homes on mccabe avenue. nine months from now qualifying families will get a chance to move. for three decades, habitat for humanity of the chase -- chesapeake has purchased homes to restore them. >> wart's back on for most living near that water main break in mt. vernon but repairs are close to completion. it's close to being able to test the main. this is a 16-inch main that broke bet
ball. geoff: yeah. craig: or apple, as some people call them. i think that's the australian word. geoff: yeah. craig: they don't call them balls, they call them apples. house your apples? how are your apples? if you go to an australian doctor, they say, let me hold your apples and turn your head and could have. geoff: i hear that ferguson has only got one apple. the cover of that book makes you want to turn qur head and cough. -- turn your head and cough. craig: turn your head and cough, geoff. good night, everybody! [applause] captioned by the national captioning institute --www.ncicap.org-- [captioning made possible by worldwide pants, inc., and the cbs television network.] >>> new tonight on 9news and washington guardian probe has uncovered $6 billion in what could be tax dollars gone to waste. >> investigative reporter says some of it is already six-feet under, literally. >> reporter: until now, official estimates on waste within the stimulus program had been put on by about $11 million. but that's nothing compared to the questionable spending we'd found. to get it you would have to
. apple's market value peaked in september at $625 billion. since then it's been a steady drop to just under $497 billion today. cbs 5 reporter len ramirez tells us as stocks drop, customer loyalty remains high. >> reporter: apple fans always remain loyal to the company. >> i think the brand is the product. it's not going any of where. >> reporter: but investors have been a lot more fickle. >> apple dropped about 30% from its all-time high of $705. >> reporter: and that's just since september. menlo park portfolio manager patrick white says a combination of factors has triggered a bona fide apple sell-off. >> to drop 30% in a short period of time means the investment public's perception has changed. and either they are using it for a source of funds or they think that the company has sold all the ipads and imax that they are going to sell ever. >> reporter: although apple stocks finished up slightly today, its price of $527 a share is not enough to erase its dramatic downhill slide. dating back to the original ipod and then continuing with the iphone and the ipad, apple has had a strin
in any particular stock lake apple or whatever, would you sell now? does it pull forward and put pressure on stocks until the end of the year knowing that taxes will go higher? >> or do you wait for a special dividend that we keep hearing will come toward the end of the year? >> special dividend talk. i'm a stay the course guy. i understand anyone who said i got a huge capital gain and the stock has to go up ten more points to make it so that i should hold. >> okay. we do have certainty on these issues. there's also post-election uncertainty that involves the fiscal cliff. we're 54 days away from tax hikes and spending cuts that many economists and business leaders say could send the u.s. economy back into recession. here we have an interesting divide between wall street and washington. wall street seems to believe and you can take a look at the numbers on how the market has acted over the past year. wall street seems to believe that we'll avert this cliff. washington seems to be willing to drive over the cliff. >> i think there's -- i don't want to pick on the tea party per se. you can s
building stocks are the number one group thus far this year. you want to go back to your technology. apple, that thing is down over 25% now. buy some apple. buy it on a scale down basis. average down on apple. that would be one thing. oracle is another one. that is at the basis. and qualcomm. those three, bill. >> okay. jeff? >> looking to hedge where the s&p 500 may go. looking at holding some cash. also looking at some opportunity where is they're emerging. oil, for example, on mideast conflicts starting to lift higher. that might be an opportunity. >> just like to wish xi jinping, the new president of china, all the best. may he have success, social stability, and integrating china into the world economy. he took office yesterday. god bless him and god bless china. >> let's see if he can get past all those conservatives. >> thanks, guys. >>> yesterday, when maria sat down with alan simpson and erskine bowles, simpson took aim at republicans like grover norquist who have pledged not to raise taxes under any circumstances. listen to this. >> i've always said about grover he's wandering th
box today. i'm sorry. >> it's okay. we're moving on, so is the market. >> apple, let's go back to the good old stories. apple once again king of smart phone sales in the u.s. but which one wins the stock war? apple versus google up next. >>> plus, hewlett-packard and ahn to ah n -- autonomy. it's getting uglier. open letters, public insults, now a lawsuit. in a word, it is ugly. we will have details coming up. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. prevent acid all day and all night for 24 hours well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' mark
have been more important the second half of the day, was apple. when we hit 588 on apple, around the time of 1:00, 1:15 in the afternoon, there's the intraday. you'll notice it just collapsed. the volume picked up rather noticeably. that was the 200-day moving average. that's important. apple has not below the 200-day moving average since november of last year. that was a major factor. look at the dow in the middle of the day. the dow drooped right after apple started breaking down. again, around 1:15 or so. it was weak before that. we did have weakness in materials and energy stocks as the dollar was strong. i think that was a factor. but i also think apple really mattered a lot. wouldn't it be nice to have a stock like restoration hardware go public today? in a week where we need restoration. that's what happened. went public at 24. it opened at 32 and closed not far from that price. great day for that company. finally, maria, for the week, no the much of a change. remember, we were only open three days this week. have a good weekend. >> you too. see you later. don't touch that
, coming up a silicon valley company working with apple and your smartphone to bring you an environmentally friendly, long-lasting light bulb to personalize. >>> there is nothing mini about it. the new numbers on how ipads apple unloaded this weekend. we'll be right back. this is hayden. that's elizabeth. and that's skyler... and his mom, nancy. they're just a few of the californians who took it on themselves to send you a message about what they need to restore years of cuts to their schools. prop thirty-eight. thirty-eight raises billions in new revenue - bypasses sacramento and sends every k through 12 dollar straight to our local schools... every school. for them. for all of us. vote yes on thirty-eight. >>> pro fremont police officers are on paid leave after shooting and killing a man early this morning. they killed a 37-year-old man naked and holding a knife chasing his estranged wife. it occurred on central avenue blocks from glenn more elementary school. a woman called police to report her roommate was being attacked by her hiss. they asked him to drop the knife, and when he didn't
. this morning we are getting a taste of the fall harvest with local apples. there is much more to sample than just apple pie. holley joins us live. >> reporter: it's not apple pie but equally as sweet. in many versions when we're talking about what we're going to talk about. first friday up here, the first friday of the month, 45 plus shops, restaurants, antique shops, they all come together and open up and stay open late on friday nights and offer up something special. and there's no better way to enjoy it all than with a good glass of wine. good morning to you on this chilly morning. >> it is a little chilly. >> it's getting colder as the morning goes along. this wine will warm us up. we are talking about the apple harvest season. what do you got for us? >> today i brought one of my new creations which is our apple wine. this is my second year i've done apples. comes from winchester, virginia. locally grown. made it into a wine. real similar. it's not sweet. it's apply. >> what's the difference between an apple wine and a cider? >> cider is less alcohol. we'll drink two glasses. >> obviousl
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